Wedbush analyst Michael Pachter maintained a Buy rating on Amazon (AMZN) today and set a price target of $2325.00. The company’s shares closed last Monday at $1870.68.
According to TipRanks.com, Pachter is a 3-star analyst with an average return of 1.4% and a 51.5% success rate. Pachter covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $2289.14 average price target, a 23.2% upside from current levels. In a report issued on January 16, Morgan Stanley also maintained a Buy rating on the stock with a $2200.00 price target.
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The company has a one-year high of $2035.80 and a one-year low of $1566.76. Currently, Amazon has an average volume of 2.87M.
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